The Home Depot, Inc. (HD) vs Walmart Inc. (WMT)
A side-by-side comparison of The Home Depot, Inc. and Walmart Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Different business models: HD is classified in Consumer Cyclical; WMT is classified in Consumer Defensive. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
HD
The Home Depot, Inc.
$308.74Consumer CyclicalDelayed quote: Sep 11, 2026, 4:00 PM EDT
WMT
Walmart Inc.
$107.15Consumer DefensiveDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — HD vs WMT
growth of $100 · dividends reinvested · last 10yHD +205.1% (+11.8%/yr)WMT +420.4% (+17.9%/yr)WMT compounded faster over this window
HD WMT
HD vs WMT: by the numbers
- •WMT is the larger company ($852.71B vs $307.85B market cap).
- •HD trades at the lower trailing earnings multiple (21.61 vs 38.68 P/E), one valuation lens rather than an overall verdict.
- •HD converts more revenue to profit (8.41% vs 3.00% net margin).
- •WMT grew revenue faster over the past five years (5.38% vs 3.21% CAGR).
- •HD pays the higher dividend yield (3.03% vs 0.92%).
Metrics side by side
Valuation
| Metric | HD | WMT |
|---|---|---|
| P/E ratio | 21.61 | 38.68 |
| Forward P/E | 20.57 | 37.07 |
| P/S ratio | 1.82 | 1.16 |
| P/B ratio | 18.53 | 8.68 |
| EV / EBITDA | 14.80 | 19.31 |
| FCF yield | 4.90% | 1.58% |
Profitability
| Metric | HD | WMT |
|---|---|---|
| Gross margin | 33.21% | 25.23% |
| Operating margin | 12.43% | 4.39% |
| Net margin | 8.41% | 3.00% |
| ROE | 85.62% | 22.47% |
| ROIC | 18.80% | 12.89% |
Dividends
| Metric | HD | WMT |
|---|---|---|
| Dividend yield | 3.03% | 0.92% |
| Payout ratio | 64.80% | 35.29% |
Growth (annualized)
| Metric | HD | WMT |
|---|---|---|
| Revenue CAGR (5Y) | 3.21% | 5.38% |
| EPS CAGR (5Y) | -2.18% | 10.95% |
| FCF CAGR (5Y) | -2.52% | -5.40% |
| Total return CAGR (5Y) | 0.90% | 18.21% |
Frequently asked
- Which has the lower trailing P/E, HD or WMT?
- HD has the lower trailing P/E: HD trades at 21.61 and WMT at 38.68. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, HD or WMT?
- Over the past five years, WMT grew revenue faster — HD at a 3.21% CAGR versus WMT at 5.38%.
- Does HD or WMT pay a bigger dividend?
- HD yields 3.03% and WMT yields 0.92% based on trailing dividends and the latest price.
- Is HD or WMT more profitable?
- HD runs the higher net margin — HD at 8.41% versus WMT at 3.00%.
- How have HD and WMT total returns compared?
- Over the past 10 years, HD delivered 11.81% and WMT delivered 18.23% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Home Depot P/E ratioWalmart P/E ratioHome Depot dividend yieldWalmart dividend yieldHome Depot ROEWalmart ROEHome Depot operating marginWalmart operating marginHome Depot revenue growthWalmart revenue growthHome Depot free cash flowWalmart free cash flow
Home Depot & Walmart appear in these rankings
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Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.